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Hyundai GLOVIS Co., Ltd.

Company Background

Hyundai Glovis of South Korea was established in 2001 under the name Hankook Logitech to offer logistic services for its founders, Hyundai Motor and Kia Motors.

Hyundai Motor used to farm out logistics operations to Hyundai Merchant Marine, a member of the Hyundai group, but shifted to Hankook upon gaining independence from the group under the leadership of Chung Mong-koo. In 2003, Hankook changed its name to Hyundai Glovis, a portmanteau of the words "global" and "vision."

Chung Eui-sun, the only son of Chung Mong-koo, chairman and group owner-manager of Hyundai Motor, is the biggest shareholder in Hyundai Glovis. Hyundai Motor and Chung Mong-koo are also major shareholders in the logistics company. Chung Eui-sun, who is expected to succeed his father as head of the Hyundai Motor group, is vice chairman of Hyundai Motor.

In addition to offering logistics services for finished Hyundai cars, Hyundai Glovis also ships parts to the automaker's overseas plants. It has business outlets in the U.S. as well as in countries in Europe and Asia in which it has plants for finished vehicles. Stable orders from Hyundai Motor group have enabled the logistics unit to grow in step with the carmaker's expanding global vehicle sales.

Hyundai Glovis also auctions and exports used cars to Russia and other markets, in addition to selling them in South Korea.

The company is increasingly handling nonautomotive goods. In 2015, it won a $500 million order from a state-run Qatari company to transport 50 million tons of aggregates from the United Arab Emirates to Qatar over five years starting in 2016.

Business Summary

Hyundai GLOVIS Co., Ltd. engages in the freight transport brokerage, agency and other supporting transport services. It operates through the following business areas: Logistics, Shipping and Complete Knock down (CKD), Used Car and New Growth. The Logistics business provides international, domestics and military logistics, logistics consulting services. The Shipping business offers overseas shipment for finished vehicles and bulk export and import. The CKD business provides CKD distribution and packing. The Used Car business offers auction house and wholesale. The New Growth business offers distribution of recycled resources for automobiles, resource development and distribution, product trading. The company was founded on February 22, 2001 and is headquartered in Seoul, South Korea.

Financial Highlights

Dec 2020 KRWUSD
Gross Profit1,272.83B1,078.77M
Operating income659,648.38M559.07M
Income before tax736,961.49M624.60M
Net income606,201.14M513.77M
Diluted EPS16,165.3613.70
Dividends Per Share3,5002.96
Total Assets10,898.70B10,032.86M
Total liabilities5,832.33B5,368.99M
Total equity5,065.44B4,663.02M
Operating cash flow976,882.80M827.94M
Currency in KRWCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 15,340.63B 16,358.28B 16,865.56B 18,270.05B 16,519.88B
Gross Profit 1,094.18B 1,120.66B 1,140.42B 1,350.29B 1,272.83B
Operating income 728,219.70M 725,726.32M 710,340.32M 874,836.04M 659,648.38M
Income before tax 650,127.79M 889,341.08M 626,313.33M 685,591.43M 736,961.49M
Net income 505,613.63M 680,499.17M 437,371.42M 502,322.56M 606,201.14M
EBITDA 884,477.39M 892,391.11M 892,273.64M 1,206.17B 1,031.76B
Diluted EPS 13,483 18,147 11,663 13,395.26 16,165.36
Dividends Per Share 3,000 3,000 3,300 3,500 3,500
Total Assets 7,967.47B 8,185.66B 8,687.84B 10,129.73B 10,898.70B
Total liabilities 4,490.03B 4,196.14B 4,427.67B 5,459.45B 5,832.33B
Total equity 3,477.19B 3,989.28B 4,260.16B 4,670.28B 5,065.44B
Operating cash flow 606,297.46M 606,533.43M 489,663.97M 740,967.23M 976,882.80M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 13,222.52M 14,469.82M 15,325.11M 15,666.52M 14,001.23M
Gross Profit 943.10M 991.29M 1,036.26M 1,157.87M 1,078.77M
Operating income 627.67M 641.94M 645.45M 750.16M 559.07M
Income before tax 560.36M 786.67M 569.10M 587.89M 624.60M
Net income 435.80M 601.93M 397.42M 430.74M 513.77M
EBITDA 762.35M 789.37M 810.77M 1,034.29M 874.45M
Diluted EPS 11.62 16.05 10.59 11.48 13.70
Dividends Per Share 2.58 2.65 2.99 3.00 2.96
Total Assets 6,596.68M 7,646.22M 7,786.20M 8,759.33M 10,032.86M
Total liabilities 3,717.52M 3,919.61M 3,968.16M 4,720.87M 5,368.99M
Total equity 2,878.94M 3,726.39M 3,818.04M 4,038.46M 4,663.02M
Operating cash flow 522.58M 536.51M 444.93M 635.37M 827.94M

Valuation Measures

Dec 2020
Operating margin3.99%
Profit margin3.66%

Key executives

  • President, Chief Executive Officer & Director: Jung-Hoon Kim
  • Managing Director & Head-Financial Management: Ik-Hyeok Song
  • Managing Director & Head-IT promotion: Seong-Sik Bae
  • Head-Compliance Support: Wan-Sang Woo
  • Director & Vice President: Young-Seon Kim


  • CHUNG EUI-SUN (23.2%)
  • National Pension Service of Korea (8.7%)
  • CHUNG MONG KOO (6.7%)
  • Hyundai Motor Co., Ltd. (4.8%)
  • Hyundai Motor Chung Mong-Koo Foundation (4.4%)
  • BlackRock Fund Advisors (1.2%)
  • The Vanguard Group, Inc. (1.2%)
  • Norges Bank Investment Management (0.7%)
  • Nordea Investment Management AB (Denmark) (0.6%)

Contact Details

  • Website:
  • Address: 301 Teheran-ro, Gangnam-gu, Seoul, 06152, South Korea
  • Phone: +82.2.6191.9114

Related Companies

  • Glovis India Anantapur Pvt Ltd.
  • Hyundai Glovis Co., Ltd. (Shanghai)
  • Glovis Canada, Inc.
  • Global Logistics New Jersey LLC
  • GLOVIS Brasil Logistica Ltda.
  • Maria Maritime Ltd.
  • Hyundai Glovis Lojistik Dis Ticaret Sanayi ve Ticaret Ltd Sti
  • Hyundai Glovis India Pvt Ltd.
  • Hyundai Glovis Alabama LLC
  • Hyundai Glovis Russia LLC
  • Hyundai Glovis Georgia LLC
  • Beijing Glovis Warehousing & Transportation Co., Ltd.
  • Adampol SA
  • GLOVIS America, Inc.
  • Hyundai GLOVIS Co., Ltd. Employee Stock Ownership Association


  • Kawasaki Kisen Kaisha, Ltd.
  • Nippon Yusen Kabushiki Kaisha
  • SeAH Holdings Corporation
  • Han Express Co., Ltd.
  • Hansol Logistics Co., Ltd.
  • Alticast Corp.
Last Updated on 12 Apr, 2021

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